Bemobi Mobile Tech S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 07:16 pm EDT
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Bemobi Mobile Tech S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was BRL 62.4 million compared to BRL 60.4 million a year ago. Net income was BRL 13.9 million compared to BRL 14.2 million a year ago.
Bemobi Mobile Tech SA is a Brazil-based company involved in the mobile media and entertainment industry. The Firm is focused on the distribution and monetization of mobile apps, games and digital services. The Company operates in a Business-To-Business-To-Consumer (B2B2C) model, in partnerships with mobile operators. The Companyâs services are divided into three units: Applications and Games, Microfinance and Communications. The Applications and Games unit is focused on subscription-based Apps Club, which offers mobile applications and games provided by the Companyâs content partners, including developers, publishers and distributors. The Microfinance unit provides services for prepaid mobile users, including recharging by credit or debit card and Airtime and Data Advance packages payable at next recharge, among others. The Communications unit provides solutions related to voice calls, such as voicemail and audio to text transcription.